Best Books for CA Foundation Dec 2023 Exams: Strategic Study Plan

Are you preparing for the CA Foundation exams in December 2023? Choosing the appropriate study materials is critical to success. We've compiled a list of highly recommended books by qualified academics to help you with your preparation. These resources cover the complete CA Foundation syllabus and will help you understand essential topics. Let's look at the recommendations by subject and discover how to get free PDFs from the ICAI website.

Best Books for CA Foundation Dec 2023: Subject-Wise Recommendations

1.Paper 1: Principles and Practice of Accounting

• Recommended Book: CA Foundation Scanner Cum Compiler Volume 1

• Authors: CA Manmeet Kaur, S.K. Agrawal

2. Paper 2: Business Laws and Business Correspondence and Reporting

• Recommended Book: CA Foundation Scanner Cum Compiler Volume 1

• Authors: CA Manmeet Kaur, S.K. Agrawal
  

3. Paper 3: Business Mathematics, Logical Reasoning, and Statistics

• Recommended Book: CA Foundation Scanner Cum Compiler Volume 2

• Authors: Dr. S.K. Agrawal, CA Manmeet Kaur

4. Paper 4: Business Economics, Business and Commercial Knowledge

• Recommended Book: CA Foundation Scanner Cum Compiler Volume 2

• Authors: Dr. S.K. Agrawal, CA Manmeet Kaur

5. General Economics

• Authors: S.K. Agarwal

6. Fundamentals of Accounting for CA

• Authors: P.C Tulsian and Bharat Tulsian

7. CPT Grewals Accountancy

• Authors: M.P Gupta & B.M Aggarwal

8. S Chand Mercantile Laws

• Authors: P P S GOGNA

9. Mercantile Law

• Authors: M.C.Kuchhal and Vivek Kucchal

10. Quantitative Aptitude Mathematics With Short Tricks

• Authors: CA Rajesh Jogani

11. Quantitative Aptitude for CPT

• Authors: Tulsian P. C. and Jhujhunwala Bharat

12. General Economics

• Authors: PM Salwan & Pranjal B Deshpande

13. Quantitative Aptitude

• Authors: P.N Arora

14. Elements of Mercantile Law

• Authors:  N.D. Kapoor

15. CA Foundation Business Laws

• Authors: Dr V.K. Jain and CA Shashank S. Sharma

Make sure that you integrate these resources into your study plan, as well as the previously mentioned recommended books, for a comprehensive preparation strategy for the CA Foundation Dec 2023 tests.

Additional Subject-Wise Recommendations:

• Principles and Practice of Accounting

• Recommended Books: "Fundamentals of Accounting for CA – CPT" by P.C Tulsian and Bharat Tulsian, "CPT Grewals Accountancy" by M.P Gupta & B.M Aggarwal, "Fundamentals of Accounting" by D.G Sharma, "Padhuka Basics of Accounting for CA CPT" by G. Sekar & B Saravana Prasath

• Mercantile Law

• Recommended Books: "Mercantile Laws for CA CPT" by P C Tulsian, "S Chand Mercantile Laws for CA CPT" by P P S GOGNA, "Mercantile Law" by M.C.Kuchhal and Vivek Kucchal

• Quantitative Aptitude

• Recommended Books: "Quantitative Aptitude for CPT : Mathematics and Statistics" by Tulsian P.C. and Jhujhunwala Bharat, "Quantitative Aptitude – P. N. Arora," "Quantitative Aptitude Mathematics With Short Tricks" by CA Rajesh Jogani

• General Economics

• Recommended Books: "General Economics" by P.M. Salwan & Pranjal B. Deshpande, "General Economics" by S.K.Agarwal

How to Download CA Foundation Books for Dec 2023:

• Visit the official website, icai.org.

• Log in or sign up using your SRN/Mobile number and date of birth.

• Click on "Start Shopping" and choose "Order Now" for the "Student Course Kit."

• Select "Study Material Against Registration (New Course)" and choose "foundation" in the "Category" filter.

• Choose either "English" or "Hindi" and browse through the list of available books.

• Add the selected books to your cart and proceed to place an order.

CA Foundation December 2023 Passing Criteria:

Students must obtain at least 40% in each paper and a total of 50% across all subjects to complete the CA Foundation examinations. In addition, the new curriculum requires a minimum of 50% in each subject.

ICAI CA Foundation Exam Pattern 2023:

• Paper 1: Principles And Practice Of Accounting (100 Marks)

• Paper 2: Business Laws And Business Correspondence (60 Marks)

• Paper 3: Business Mathematics, Logical Reasoning, And Statistics (100 Marks)

• Paper 4: Business Economics And Business & Commercial Knowledge (100 Marks)

Prepare strategically using the best books, stick to the recommended study plan, and ace your CA Foundation examinations in December 2023!

FAQs

Q1: What is the passing criteria for the CA Foundation Dec 2023 exams

Candidates must achieve a minimum of 40% in each paper and a total of 50% across all subjects to pass the CA Foundation examinations. Furthermore, the new ICAI CA Course curriculum requires a minimum of 50% in each subject.

Q2: Can I access CA Foundation study materials for free in PDF format?

Q3: Are the recommended books the only resources needed for CA Foundation preparation?

Q4: How can I track my order after purchasing CA Foundation books online?

Q5: Is it necessary to purchase all the recommended books, or can I select specific ones based on my needs?

CA India's New Logo Usage Guidelines

The Institute of Chartered Accountants of India (ICAI) proudly unveiled its CA india's new logo at the GloPAC Convention, bringing in a new era for the highly regarded accounting profession. This common logos integrates the colors of the Indian national flag successfully, paying respect to the country's rich heritage and expressing the close relationship between the accounting profession and the spirit of India. Beyond a visual refresh, the logo represents the core ideals that constitute ICAI and the profession's long history.

CA Logo: A Symbol of Unity and Progress

• Incorporation of Tricolor: The tricolor in the symbol is an effective representation of the Institute's ties to India. The three colors that represent unity, diversity, and independence indicate the brand's dedication to serving the nation and contributing to its growth. The dynamic use of the tricolor suggests movement, representing a journey toward progress and highlighting the Institute's forward-thinking attitude.

• The Importance of the Color Blue: The primary blue color, taken from the ICAI logo, is rich in cultural and symbolic meaning. Blue, the hue of the sky and the ocean, is associated with divinity, immortality, bravery, and determination. Blue has a history in Indian tradition dating back over 5,000 years, and it retains cultural significance in the country's environment.

• All Platforms Adaptability

Use of the New CA India Logo (2023) Guidelines

Here are some essential demands for CA members using the new logo:

• The blue letters 'CA' are complemented by an upside-down tricolor tick mark on a white background, representing creativity, innovation, knowledge, integrity, trust, truth, stability, and depth.

• The word 'India' is incorporated into the logo to represent the Institute's 'India First' strategy and commitment to helping the Indian economy in the public interest.

• Keep the original font, spacing, measurements, and color palette.

• Keep the logo's original proportions and design by not rotating, tilting, shrinking, or distorting it.

• Members are encouraged to use the new logo across many platforms, with a one-year transition time for replacing previous stationery and signs.

Effective November 24, 2023.

iProledge CA Coaching in Bangalore

Are you ready to begin a fulfilling career in finance, taxation, and accounting? There is no need to look any further! We offer complete coaching for the prestigious Chartered Accountancy (CA) certificate in Bangalore at iProledge. Let's go over all you need to know about the CA course and why iProledge is the best option for you.

What is CA (Chartered Accountancy) ?

CA (Chartered Accountant) is a prestigious career in finance, taxation, and accounting. The Institute of Chartered Accountants of India (ICAI), which was founded in 1949, provides the CA qualification. Chartered Accountants are responsible for financial record preparation and auditing, anomaly investigation, financial forecasting, tax planning, and financial system maintenance.

Levels in CA Course:

• CA Foundation Level: 4 Papers

• CA Intermediate Level: 6 Papers

• CA Final Level: 6 Papers

Eligibility Criteria:

1. CA Foundation Eligibility:

• Educational Qualification: Candidates must have passed the 10+2 or its equivalent examination from a recognized board or institution.

• Exemption: There is no minimum percentage requirement to take the CA Foundation exam. Students who passed the 10+2 examination may also apply.

2. CA Intermediate Eligibility:

• Option 1: CA Foundation Pass: Candidates who have passed the ICAI's CA Foundation exam are eligible to register for the CA Intermediate level.
  

• Option 2: Commerce Graduates/Post Graduates with Specific Percentage: To be qualified for CA Intermediate, commerce graduates or postgraduates must obtain a minimum of 55% in their qualifying exam. Additionally, They must also complete 9 months of articleship to be eligible.
  

• Option 3: Non-Commerce Graduates/Post Graduates with Specific Percentage: To be qualified for CA Intermediate, non-commerce graduates or postgraduates must obtain a minimum of 60% in their qualifying examination. They, like commerce candidates, must complete 9 months of articleship.

Please keep in mind that the percentage criteria given above are just for straight acceptance into CA Intermediate. These percentage requirements do not apply to candidates who have completed the CA Foundation level.

Duration of CA Course:

For aspiring candidates, the length of the CA (Chartered Accountancy) course is important. Here's a more extensive breakdown of how long it takes to finish the CA course:

1. Foundation Level:

• Duration: 4-6 months

• Overview: The Foundation level is the starting point for the CA program. This level normally takes 4 to 6 months to complete. Individual preparation and study practices may influence the duration.

2. Intermediate Level:

• Duration: 8-10 months

• Overview: Candidates advance to the Intermediate level after successfully completing the Foundation level. This stage normally lasts 8 to 10 months. It is made up of in-depth topics that address various aspects of accounting, law, taxation, and auditing.

3. Articleship Training:

• Duration: 3 years

• Overview: After passing the Intermediate level, candidates must complete practical training known as articleship. The articleship period is set at three years, during which time candidates get hands-on experience in accounting, auditing, and other related subjects under the guidance of a practicing Chartered Accountant.

4. (ICITSS) Integrated Course on Information Technology and Soft Skills :

• Duration: Varies

• Overview: Candidates must finish the Integrated Course on Information Technology and Soft Skills (ICITSS) as part of the course. This training may vary in length and is intended to improve students' IT and soft skills.

5. Final Level:

• Duration: 1.5 to 2 years

• Overview: Overview: The Final level is the final stage of the CA program, which normally takes 1.5 to 2 years to complete. It includes advanced courses, case studies, and a thorough assessment.

6. Total Duration:

• The whole CA course, comprising the Foundation, Intermediate, Articleship, ICITSS, and Final levels, is projected to take 4 to 5 years for most candidates.

It is important to remember that the given timeline is an estimate, and individual situations may differ. The time required to pass tests, articleship experience, and completion of extra training programs can all have an impact on the overall duration of the CA course. To guarantee a smooth development through the course, aspirants should effectively schedule their study and practical training.

CA Course Fees

CA Foundation Course Fee:

• Registration Fee: Rs 9000

• Exam Fee: Rs 1500 (ICAI fees, coaching fees not included)

CA Intermediate Course Fee:

• Registration Fee: Rs 15000

• Student’s Activity Fee: Rs 2000

• Article Assistant Registration Fee: Rs 1000

• ICITSS Fee: Rs 6500

• Exam Fee: Rs 2500 (ICAI fees, coaching fees not included)

CA Passing Criteria:

To successfully pass the Chartered Accountancy (CA) exams:

1. Minimum Marks in Each Paper: Achieve a minimum of 40% on each paper, demonstrating a fundamental understanding of each subject.

2. Aggregate Passing Criteria: Attain a minimum overall aggregate score of 50%, showing proficiency across all attempted papers.

Important Points:

• Passing criteria apply to CA Foundation, CA Intermediate, and CA Final levels.

• Marks are rounded off to the nearest whole number.

• Revaluation and verification options are available for dissatisfied candidates.

• There is no restriction on the number of attempts, provided other eligibility criteria are met.

• Scoring 70% or more in aggregate earns candidates a "Pass with Distinction" status.

Aim not just to achieve these standards, but also to get a thorough comprehension of the disciplines in order to succeed as a Chartered Accountant.

Exam Schedule:

Exams are given twice a year, in May and November.

CA Foundation Level:

• Accounting, Business Laws, Business Mathematics, Logical Reasoning & Statistics, and Business Economics are covered in four papers.

CA Intermediate Level:

• Accounting, Corporate and Other Laws, Cost and Management Accounting, Taxation, Advanced Accounting, Auditing and Assurance, Enterprise Information Systems & Strategic Management, and Financial Management & Economics for Finance are among the six papers covered.

CA Final Level:

• Financial Reporting, Strategic Financial Management, Advanced Auditing and Professional Ethics, Corporate and Economic Laws, Strategic Cost Management and Performance Evaluation, Risk Management, Financial Services and Capital Markets, International Taxation, Economic Laws, Global Financial Reporting Standards, and Multidisciplinary Case Study are among the eight papers covered.

The ICAI has officially issued exam dates, and candidates must adhere to registration requirements. Keep an eye out for announcements to help you arrange your exam preparation successfully.

Why Do CA?

• Earn a good salary

• Job security

• Acquire knowledge in finance, tax, and audit

• Highly respected profession

• Entrepreneurial opportunities

What Does a CA Do?

• Auditing

• Financial & Cost Accounting

• Taxation

• Management Accounting

• Chief Accountant

• Chief Financial Officer

• Chief Manager

• Department Heads

• Lecturer/Professor

• Advisor to the Government

• GST Service Providers

• Internal Audit

• Finance manager

CA Course Syllabus:

CA Foundation Level (4 Papers):

1. Principles and Practice of Accounting:

• Introduction to accounting

• Accounting process and principles

• Bank reconciliation statement

• Depreciation accounting

2. Business Laws and Business Correspondence and Reporting:

• Commercial law

• Company law

• Communication

• Sentence types and word power

3. Business Mathematics and Logical Reasoning & Statistics (MCQ):

• Ratio and proportion

• Indices and logarithms

• Logical reasoning

• Statistical description of data

4. Business Economics and Business and Commercial Knowledge (MCQ):

• Introduction to micro and macro economics

• Economic reforms in India

• Business and commercial knowledge

CA Intermediate Level (8 Papers):

1. Accounting:

• Accounting standards

• Partnership accounts

• Corporate accounting

2. Corporate and Other Laws:

• Company law

• Securities laws

• Laws relating to other entities

3. Cost and Management Accounting:

• Introduction to cost and management accounting

• Budgeting and budgetary control

• Standard costing and variance analysis

4. Taxation:

• Income tax

• Indirect taxes (GST)

5. Advanced Accounting:

• Accounting standards

• Accounting for amalgamation

• Consolidated financial statements

6. Auditing and Assurance:

• Auditing concepts and engagement

• Internal and management audit

• Audit of different entities

7. Enterprise Information Systems & Strategic Management:

• Automation systems

• Information systems and system development

• Strategic management

8. Financial Management & Economics for Finance:

• Financial management

• Economic concepts

CA Final Level (8 Papers further Divided into Essentials and Elective):

Essentials:

1. Financial Reporting:

• Framework for preparation and presentation of financial statements

• Accounting standards

• Consolidated financial statements

2. Strategic Financial Management:

• Financial policy and corporate strategy

• Risk management

• Security analysis

3. Advanced Auditing and Professional Ethics:

• Auditing standards

• Professional ethics

• Internal audit

4. Corporate and Economic Laws:

• Company law

• Economic laws

5. Strategic Cost Management and Performance Evaluation:

• Cost management techniques

• Performance measurement and evaluation

Elective (Choose one):

1. Risk Management:

• Enterprise risk management

• Financial services and capital markets

2. Financial Services and Capital Markets:

• Financial services

• Capital markets

3. International Taxation:

• Transfer pricing

• Non-resident taxation

4. Economic Laws:

• Competition law

• Foreign exchange management

5. Global Financial Reporting Standards:

• IFRS and AS convergence

• Application of IFRS

6. Multidisciplinary Case Study:

• Case study analysis

7. Direct Tax Laws and International Taxation:

• Income tax

• International taxation

8. Indirect Tax Laws:

• Goods and services tax (GST)

• Customs and foreign trade policy

This complete syllabus prepares applicants for a successful career as a Chartered Accountant by providing them with a full understanding of accounting, taxation, auditing, and several other facets of finance.

Source- SuccessEdge Academy

Join iProledge for Best CA Coaching in Bangalore:

Choosing iProledge as your CA coaching partner comes with numerous advantages:

Comprehensive syllabus coverage.

• Extensive study material.

• Experienced instructors.

• Regular reviews and revisions.

• Enhanced learning environment.

• Self-evaluation opportunities.

• Problem-solving expertise.

• Motivational boost.

• Personalized attention.

• Placement assistance.

Choose iProledge for the best CA coaching in Bangalore and start your career in finance. Enroll now and let us lead you to success!

FAQs,

1. Why Choose iProledge for CA Coaching in Bangalore?

Because of our expert faculty, comprehensive study material, and proven track record of success, iProledge stands out as the best CA coaching center in Bangalore. Our interactive learning environment ensures that you receive the necessary guidance and support to succeed in your CA journey.

2. What Are the Eligibility Criteria for the CA Foundation Course?

Candidates must have completed their 10+2 exams, PUC, or equivalent to sit for the CA Foundation exam. This fundamental step open the door for a rewarding career in finance, taxation, and accounting.

3. How Many Papers are there in Each Level of the CA Course?

The CA course has three levels: CA Foundation, CA Intermediate, and CA Final. Each level has a different number of papers, with CA Foundation having 4 papers, CA Intermediate having 6 papers, and CA Final having 6 papers divided into essentials and electives.